FEDERAL LOANS FOR NONPROFITS

March 31, 2020

The CARES Act gives eligible nonprofits choices for securing cash needed to maintain staff and operations. The National Council of Nonprofits has developed a chart to help nonprofit leaders decide which loan is right for their organization. Leaders are encouraged to check the chart often as it will be updated in the days and weeks to come as SBA and other Departments provide additional guidance, links, and processes to help nonprofits secure the funds they need. Be sure to hit “refresh” after following the link to ensure you have the latest updates.